M&A
M&A
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The storm may have passed, but its effects on big banks and their customers are far from over.
October 30 -
ECB Bancorp (ECBE) in Engelhard, N.C., became a more-attractive seller after posting higher quarterly earnings.
October 30 -
PremierWest had to sell because it could not raise the "sizable" amount of capital it needed to go on, its CEO says.
October 30 -
Heartland Financial (HTLF) in Dubuque, Iowa, reported that third-quarter earnings more than tripled from a year earlier.
October 30 - PSO content
Debt buyer Asset Acceptance Capital Corp. on Monday reported net income of $1.5 million for the third quarter ended Sept. 30, down from $3.1 million for the year-ago quarter.
October 30 -
Crescent Financial Bancshares in Raleigh, N.C., continued to narrow its losses during the third quarter.
October 30 -
State Bank Financial in Atlanta has named one of its founding shareholders and current board member as its vice chairman and president.
October 30 -
With the failed-bank market drying up, Midwestern consolidator Talmer enters a stalking-horse bid for a small Ohio bank burdened by debts to the U.S. government and trust-preferred holders.
October 29 -
Old Line Bancshares (OLBK) in Bowie, Md., reported higher third-quarter earnings as loan growth and reduced expenses fueled revenue.
October 29 -
First Banks, a $6.5 billion-asset company, posted third-quarter earnings of $8.5 million, compared with a net loss of $2.1 million a year earlier.
October 29 - PSO content
Portfolio Recovery Associates, a Norfolk, Va.-based debt buyer, expects to hire more than 100 people at a Tennessee call center that currently has an estimated 350 employees.
October 29 - PSO content
The city of Memphis, Tenn. likely will end its relationship with Texas-based Linebarger Goggan Blair & Sampson as the collection agency deals with a class-action lawsuit in the city.
October 29 -
Kelly S. King, the chairman and chief executive of BB&T (BBT), has been appointed to the Federal Advisory Council.
October 29 -
Talmer Bancorp has agreed to buy and recapitalize First Place Bank in Warren, Ohio, in a deal that will work its way through the bankruptcy process.
October 29 - PSO content
The transit authority in Vancouver, B.C., is searching for collection agencies to help pursue millions of dollars in unpaid fares.
October 29 -
Hurricane Sandy's much-anticipated arrival has cast a shadow over the week's bond calendar and could cause several issuers to announce delays.
October 29 -
State Bank Financial (STBZ) in Atlanta reported a drop in quarterly earnings as income tied its past failed-bank deals fell.
October 29 -
Banks in the Magnolia State have built up capital and profits, and their owners are hoping the state's poor national reputation will shield them for a while from big rivals and M&A trends.
October 29 -
Investors are buying more of the riskier portions of collateralized loan obligations, fueling the CLO market and demand for bank loans.
October 26 -
Cattail Bancshares in Atwater, Minn., has finally landed a deal after several years on the prowl. The $120 million-asset company has agreed to buy the $61 million-asset Citizens State Bank of Waverly.
October 26


